The global consumer industry experienced a 28% decline in the number of metaverse-related patent applications in Q1 2024 compared with the previous quarter. The total number of metaverse-related grants dropped by 10% in Q1 2024, according to GlobalData’s Patent Analytics. GlobalData’s databook Consumer: Patents Trends Q1 2024 offers comprehensive insights into patenting trends, major players’ strategies, and geographical focus in the sector over the last three years. Buy the databook here.

Smarter leaders trust GlobalData

Report-cover

Data Insights Consumer: Patents Trends Q1 2024

Buy the Databook

Data Insights

The gold standard of business intelligence.

Find out more

Notably, the number of metaverse-related patent applications in the consumer industry was 96 in Q1 2024, versus 134 in the prior quarter.

The top five companies accounted for 69% of patenting activity

Analysis of patenting activity by companies shows that LG filed the most metaverse patents within the consumer industry in Q1 2024. The company filed 20 metaverse-related patents in the quarter, compared with 27 in the previous quarter. It was followed by GoerTek with 20 metaverse patent filings, Intel (17 filings), and Guangdong Oppo Mobile Telecommunications (5 filings) in Q1 2024.

Patenting activity was driven by the US with a 52% share of total patent filings

The largest share of metaverse related patent filings in the consumer industry in Q1 2024 was in the US with 52%, followed by China (23%) and Australia (1%). The share represented by the US was 27% higher than the 25% share it accounted for in Q4 2023.

For further understanding of GlobalData's Consumer: Patents Trends Q1 2024, buy the databook here.

This content was updated on 18 April 2024

Data Insights

From

The gold standard of business intelligence.

Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.

GlobalData

GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.